Directional bias is still to the downsides coupled by the seasonal tendencies. We have seen a contraction last week. I expect an expansion in the coming days to the downsides. But we are surely watching out for a possible AMD pattern. But overall is to the downsides.
We have seen a change in direction since interest rate changed on GBP Late December 2021, Price has only went up to fill the internal liquidity, and now we are in the premium market... Combining this with the seasonal tendencies, i think price is now drawn towards the FVG below and may consequently take out the lows at 1.3150 level....
Central bank has sold...
